Drake and his company, OVO Touring, have been slapped with a major lawsuit by a promotion company over two canceled concerts in Chicago.

The Chicago Sun-Times reports Status Entertainment and its partner company, Show-n-Off Entertainment, filed a suit alleging they have invested $202,800 in funding and promotion over a two-year period for two Drake concerts that never happened.

The company’s claim both concerts, one in March of 2012 and the other in October that same year, were canceled at the last minute allegedly by Drake and his team.  They further state from November 2012 to April 2012 they e-mailed execs at OVO Touring to get their monies back but never heard from anyone.

Ironically, Drake just performed in Chicago this past Thursday in front of a sold-out crowd at the United Center.  Meanwhile learn more about this and what Drizzy camp had to say on this below inside Tha Wire.

In other newsBeyonce gets tipsy off love in the sexy ‘Drunk in Love’ is just one of the 17 tracks that appear on the diva’s surprise album.  Beyonce’s released her self-titled fifth solo album via iTunes on Friday without warning.

With no lead-in single or heavy promotion, fans were (pleasantly) shocked by the release. Although observant fans knew something was up—news about music video shoots had occasionally cropped up on celebrity gossip websites—but they didn’t know what she was working on or when it would come out.  Of course the cat is out of the bag now and Bey’s new album is retailing for about $15.99.  Eventually fans can stream the album for free on Spotify and Rdio, but for the time being, if you want to hear Beyoncé’s new music you have to pay.

Speaking of which, more than 80,000 people bought the album within three hours of its release, temporarily overloading iTunes, and 430,000 albums were sold before the day was over.  Find out what 'powers that be' predict Bey will sell before it's all said and done.  All the details are below inside Tha Wire.

Photo by Frederick M. BrownGetty Images

Finally, one things for sure, Atlanta hit maker Mike WiLL Made It had a phenomenal 2013. The 24-year-old produced some of this year’s biggest songs including Rihanna’s ‘Pour It Up’ and Miley Cyrus’ ‘We Can’t Stop.’ Now he’s launching an apparel line of T-shirts and hoodies.

The collection is inspired by his new track ’23,’ which of course pays homage to the legendary Michael Jordan.  The single by the way, features. Wiz KhalifaJuicy J and Miley Cyrus. Both the hoodies and the T-shirts boast the No. 23 on the front and back with Mike WiLL Made It’s name replacing the Bulls.  The new line comes in red, black, navy and grey and available in men sizes small to 3XL here through Mike’s online store.

Listen to more details now.  Press play to hear Tha Wire now.